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What percentage of students scored between 81 and 89 on this exam?
Sectoral Shocks
Unexpected events that cause significant shifts in demand or supply in a specific sector of the economy, leading to changes in prices and output levels.
Frictional Unemployment
Unemployment due to the time workers spend in job search, usually short-term and occurring when individuals are transitioning between jobs.
Natural Rate
Often referred to as the natural rate of unemployment, it is the level of unemployment consistent with a stable rate of inflation, where the labor market is in equilibrium.
Cyclical Unemployment
Unemployment that results from business cycle fluctuations in economic activity, particularly downturns, rather than from changes in the workforce or skill mismatches.
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